SHARC Energy Systems C.SHRC

Alternate Symbol(s): INTWF

SHARC International Systems Inc. is engaged in energy recovery from the wastewater the Company send down the drain every day. Its energy's systems recycle thermal energy from wastewater, generating energy and economical systems for heating, cooling & hot water production for commercial, residential, and industrial buildings. Its products include SHARC Series and PIRANHA Series. The SHARC Series taps the potential of wastewater energy to reduce energy and water consumption, carbon emissions and energy costs at large, industrial scales. The SHARC utilizes the power of wastewater for both heating and cooling for the large capacity requirements of multi-family residential, commercial and energy districts. The PIRANHA Wastewater Heat Recovery & Cooling System is a specialized water-to-water heat pump that recovers energy directly from wastewater and uses this source energy to produce hot water. PIRANHA Series is typically used for potable domestic hot water (DHW) purposes.

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SHARC Energy Systems > Private Placement

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Comment by Tim2Agamion Dec 14, 2020 2:19pm

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Post# 32101325

RE:Private Placement

Scanner454 wrote: dec.14 today and it looks like they have not been able to close their 3 mil non-brokered private placement.....were they a little to over confident ?

The closing was "on or about" (or speaking Canadian, "on or aboot") December 10th, and had conditions attached.

So the actual date depends on a pretty loose intrepretation of "aboot", eh? --

But it is clear that if it was not "on" December 10th, it won't be the first time that something was (or seemed to be) "off" about a Sptifire announcement.

The Company announces a non-brokered private placement of up to 10,000,000 common shares (“ Share s ”) at a price of $0.30 per Share for aggregate gross proceeds of up to $3,000,000 (the “ Offering ”). The Company will use the net proceeds of the Offering for general working capital purposes in support of its sales and marketing efforts. The closing of the Offering is anticipated to occur on or about December 10, 2020 (the “ Closing Date ”).

The Shares are subject to a statutory hold period lasting four months and one day following the Closing Date. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the CSE.